New ‘safe haven’ for wealthy South Africans

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The luxury property market in Mauritius is seeing a boom.

The luxury property market in Mauritius is bouncing back after several years of reduced interest due to the Covid-19 pandemic and difficulty travelling.

“Overseas investors are attracted to Mauritius because of the lifestyle but also because it is considered one of the safest African nations with a dynamic economy and stable political framework. It makes sense fiscally with property buyers seeing a good capital uplift from their investment, ” Robert Green from Sphere Estates said.is also a big draw as it gives buyers residency rights and tax advantages, creating an enabling environment for investment.

 

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